ArabFinance:  Taaleem Management Services (TALM) will participate in the establishment of a new entity with issued and paid-in capital of EGP 100 million, according to the company’s statement filed to the Egyptian Exchange.

Taaleem will own 48% of the new entity and it paid EGP 30 million for the capital.

The listed company posted a consolidated net profit before minority interest of EGP 226.005 million in the August-May period of the fiscal year (FY) 2020/2021.

Established in 2015, Taaleem Management Services Company is engaged in the education sector. It owns Nahda University Beni Suef located in upper Egypt.